Best Mortgage Brokers in Jonesboro

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License: 2129

Nationwide Multistate Licensing System and Registry

Supreme Lending Mid South Region

2630 E Highland Dr. Suite B, Jonesboro, AR 72401
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Business Description

Since 1999, Supreme Lending Mid South Region has been serving individuals, builders, and realtors in Jonesboro. Its work entails underwriting, closing, and mobilizing funds from investors to gain low-interest rates and help more people. Among its financing services are VA, USDA, FHA, and down payment assistance. Its specialists assist clients throughout the process, from providing loan education to collating documents. To give back to the community, the company donates a part of its profit to a partner organization each time it closes a loan.

License Verified:

License: 2129

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
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Frequently Asked Questions

Do mortgage brokers need to be licensed?

Yes, all mortgage brokers need to be licensed. Individuals need to complete a 20-hour class that goes over state and federal laws for mortgages and other important information. Next, individuals take the official test with the National Mortgage Licensure System.

Is it difficult to pass the mortgage brokers’ test?

Upon completion of educational requirements, you must pass the mortgage broker test to receive your license. It's a two-part test called the Safe Mortgage Loan Originator Exam, and it can be a bit challenging. Out of almost 87,600 national test-takers, 57% passed on their first attempt. The test includes both a state and national portion and requires a minimum score of 75% to pass.

What is a surety bond for mortgage brokers?

A surety bond is a legal contract that binds three parties — the obligee, the principal, and the surety. Surety bonds are typically required to receive a license for operating as a mortgage broker. When a mortgage broker gets a surety bond, it's a legal guarantee they'll perform their obligations to their customers as required by law.

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